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RE: Silver to Gold ratio out of the ground is 9 to1 oz, but why is Silver x60 times cheaper!

in #silver8 years ago (edited)

Gold, being more "desirable" can account for some level of deviation, but not to levels like 60-80x.

It used to be around 17-18x when gold and silver were used in coins.

I remember the 5 francs was 25gr silver x 0.9 purity = 4.5pure grams silver per franc.

The 20 franc gold coin was 6.45gr gold x 0.9 purity = 0.29gr gold per franc.

So it was 4.5grams of silver per franc / 0.29grams of gold per franc = around 15.5x... That was in the ~1860s.

So it should be around 20x tops.

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I believe the historical average was 12-1 Gold to Silver, but as there is less silver on earth now compared to Gold due to industrial uses never to be recovered, some are calling for a 1-1 ratio when the rigging ends!

They are just silver pumpers. 1-1 will never happen. At best 1-10.

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